Consumers in credit trouble not seeking counseling
Exploding interest rates, reckless spending, 5-figure debt. For thousands of credit card users, the writing was on the wall.
Now, it appears they're ignoring the writing on their card statements.
Despite federal regulations passed two years ago that require card-issuers to print the toll-free numbers of credit counseling agencies on every credit card statement, the National Foundation for Credit Counseling said its member agencies have only received 150,000 calls generated from credit card statements.
